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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (247587)	6/29/2003 10:12:44 AM
From: Perspective	Read Replies (4) \| Respond to of 436258

From Barron's last week, I don't know how many of you saw this, but a good chunk of the "bullish" analysts in their Roundtable see this for what it really is: Faber: "This monetization experiment on a global scale will temporarily boost economic activity and consumption. It will end in disaster." Direct quote. Scott Black: "Evidently people didn't learn the lesson of 1999-2000. It's OK to buy companies with no return on capital and no prospects so long as you believe in the "greater fool theory." Felix Zulauf: "The Fed wants to recreate inflation, and in doing that they have to reignite the asset bubble." Barron's: "It's one big manipulation?" Zulauf: "Absolutely. I'm not suggesting it will have a happy ending, but there's a sweet period in between." Frightening words to come from the mouths of such a large proportion of the world's best financial minds. And of those on the Roundtable, they are the ones that have shown the best understanding of recent and remote financial history. I don't know what to do these days. I hate standing by and watching this train wreck unfold with the engineer simply pouring on more coals, but I don't know how to help. All I can do is get out of the way and warn as many of the people I care about as possible... BC